The new government must address the country's housing crisis promptly

The UK General Election has returned the Labour Party to power with a parliamentary landslide, ending 14 years of Conservative government. Aiming to channel the spirit of Clement Attlee with a proactive and strategic approach to housing, the party campaigned on a manifesto that promised significant changes to planning rules, strict targets for delivery of new homes, reform of the private rented sector (PRS), long-term schemes to help young people onto the housing ladder, and local powers for councils to take over empty commercial premises.

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Within their first six months in office, the new UK Government has pledged to consult on business taxation and publish a roadmap for change. They aim to replace the business rates system with a new regime that evens the playing field between online and physical businesses.

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Additionally, the Labour Party promised to cap corporation tax at the current level of 25% during this parliament, as well as a review of Universal Credit.

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Starmer and Rayner have repeatedly positioned Labour as the party of home ownership, aspiring to reach an ownership rate of 70%, and committed to delivering the biggest boost in affordable and social housing for a generation. There is also a focus on reforming the planning system to speed up the building of their targeted 1.5m homes, making use of disused ‘grey belt’ land, and reintroducing compulsory local housing targets.

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Labour has been clear that affordable, social, and council houses are a fundamental part of ensuring decent homes for all, stating they want to return social housing to the second largest form of tenure in the UK.

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OneAgency have clients looking to buy all types of properties in and around Stoke-on-Trent. If you have a property to sell, get in touch today and we can give a free valuation of your property.